Adding Visa Gift Card To Venmo
Adding Visa Gift Card To Venmo - by Lauren Bennett - Verified and Updated October 5, 2022 (This post may contain affiliate links.) Want to know how to convert a free Visa gift card you've earned or received a gift to cash? Gift cards are a big market. In 2020, online gift card purchases more than doubled.
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Adding Visa Gift Card To Venmo
This increase is due to the pandemic, which changed consumer behavior in 2020. According to the Global Gift Card Issuer Q4 2020 Survey, in 2021, the US gift card industry is expected to grow by 9.7% YoY, to reach $170,784.8 million. Just because we buy more gift cards doesn't mean we actually use them.
3 billion in gift cards go unused each year. This unspent money will simply be sent back to the merchant or bank. If you have unused gift cards, turning them into cash can be a good option. It's not as simple as taking your Visa gift card to an ATM and withdrawing money.
But there are many ways to turn your Visa gift cards into cash that you can use anywhere. And you have plenty of time to do it. In 2009, Congress passed the Credit Card Accountability Disclosure (CARD) Act. This sets forth consumer protections for gift cards based on several state laws.
12 Easy Ways To Convert Visa Gift Cards To Cash
The law ensures that gift cards cannot expire within five years from the date they are activated. Below, I will tell you exactly how you can turn Visa gift cards into cash. Maybe you received a gift card as a gift or as a bonus from a website like Swagbucks?
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Anyway, here's how to get cash back from a Visa gift card... Probably the best option for anyone looking to use a prepaid card balance is to add the card to PayPal. When you add a Visa gift card to your PayPal account, you can use it anywhere PayPal is accepted.
Basically, you pay with a prepaid Visa gift card like you would with any other debit or credit card at checkout. With so many retailers accepting PayPal these days, this frees up money on your card to spend at many different places. By adding your Visa card to your PayPal wallet, you have the option to transfer the money to your own linked bank account.
This then allows you to use the money however you want - whether you decide to withdraw it from an ATM or put it into savings. Many of us shop on Amazon, right? In fact, as of June 2021, Amazon was reported to be the most visited e-commerce site with approximately 2.45 billion monthly visits to Amazon.com!
How To Convert Visa Gift Card To Cash
Since most of us shop on Amazon, cashing out our gift card balance can be a good idea. It's basically free money to spend on the platform. You can use your prepaid Visa gift card to top up your Amazon gift card. Sure, it's not cash that you can spend anywhere or withdraw from an ATM.
However, that's money to spend on Amazon, which frees up money in your bank account that you should be spending. Let's say you want to buy something for $30 on Amazon. Instead of using your debit card, you use a Visa gift card to cover the cost.
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This means you have $30 cash freed up in your bank account. If you have a Venmo account, you can turn a Visa gift card into cash by adding the card to your account. It's like PayPal where you can add your Visa gift card to your Venmo account and then you can transfer it to your bank account.
It's a great way to use up your gift card. An easy way to turn your Visa gift card into cash is to sell it on a gift card reseller site, like: And yes, you can turn your Amazon gift card into cash, too! Now, this option isn't as good as the others, because you don't get the full value of the gift card.
1. Add A Visa Gift Card To Your Paypal Account
This is because this website sells gift cards at a discount. So, for example, if you have a $100 gift card, you might only get $80 for it. However, if you're looking for some quick cash, gift card resale sites can be a good option.
Money orders are like checks, but they are a more reliable form of payment because, unlike checks, money orders are prepaid. This means that it is only released once a buyer has paid for one. Payments can be used to pay for many different things.
Some stores, such as Walmart and some grocery stores, allow you to purchase money orders with your Visa gift card. However, not all locations allow this so be sure to call ahead to ask if they allow the use of prepaid Visa cards to purchase money orders.
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Be sure to read my post on the best places to get cash payments near you (and how much they cost) for more information. Once you've used your gift card to purchase a payment, the payment can be deposited into your bank account and used as cash!
2. Add A Visa Gift Card To Your Amazon Account
You can sell your Visa gift cards on eBay or Craigslist. This can be a good alternative to selling through Raise or CardCash. What makes eBay and Craigslist great is that you can decide how much you want to sell your gift cards for. Now, you may need to sell the card at a slight discount because that's what people are looking for when they buy used gift cards.
Okay, so during the holidays it seems like we have to buy a lot of gifts, right? And if you have a large family or many friends, it seems that you need to buy a gift for someone's birthday. That's why it can be a good idea to give someone a Visa card as a gift.
You can use the money you would have spent on their gift for whatever you want. You can also give Visa cards as gifts, not only for birthdays and holidays. There are many other occasions, such as weddings, birthdays, retirements, etc. where you can give a Visa card as a gift.
The bills just seem to keep coming, don't they? Did you know that some service providers will allow you to use your Visa gift card as a payment method? This means you can actually use your Visa gift card to pay bills. This leaves cash that you would normally spend on bills waiting for you to spend like money any way you want!
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